Hans Tung: Eight Lessons From The Rise Of Chinese Short Video App Douyin

What is the most popular app in China? You’re probably thinking WeChat. Though that might still be true, WeChat now has a serious challenger whose meteoric rise has taken China by storm (and WeChat’s owner Tencent by surprise). That is Douyin (抖音, literally “shaking sound” in Chinese), one of the most popular short video apps in China, as well as worldwide. It is owned by ByteDance (a.k.a Toutiao), an AI-driven media company in China and one of the world’s most …

China’s $20B News Leader Toutiao Under Siege By Government and Rivals

Watching a stern Mark Zuckerberg testify before the U.S. Congress is a reminder how China’s tech companies, despite differences in economic structure and technological sophistication, follow similar trajectories with their American counterparts. Toutiao, China’s biggest personalized news app with a US$20 billion valuation, is experiencing a similar crisis these days as government and competitors attack its core business model.

Cynthia Zhang: Toutiao Easily Worth More Than Tech Giant Baidu

At first glance, the investment strategy of veteran private equity manager Cynthia Zhang appears risky. As founder of recently launched private equity firm FutureX Capital, Zhang plans to make mid-to-late stage investments in promising Chinese tech stars, whose valuations are perhaps the highest in the world.

China To Scrap Presidential Term Limits Allowing Xi Jinping To Stay On, People’s Reaction Mixed

China’s Communist Party (CCP) has proposed revising the country’s constitution that would allow President Xi Jinping to continue serving as the country’s leader with no limits on terms. CCP said in an announcement via state-owned media outlets today that it will remove the provision that states Chinese President and Vice President "shall serve no more than two consecutive terms" from the constitution. There were over a dozen other proposed changes, but the key action is clearly the deleting of the …

Toutiao Sues Baidu For Unfair Competition Over Negative Search Results

Beijing Bytedance Telecommunications Co., Ltd., the operator of personalized news app Toutiao, has sued China’s largest search engine Baidu Inc. for unfair competition, claiming Baidu deliberately places negative news about Toutiao in top search results, according to a Toutiao WeChat post Monday night.

Weibo, China’s Facebook, Halts Popular Sections As Government Tightens Oversight

China’s largest networking platform Weibo, operated by Sina Corp. has closed some of its most popular portals for a week after the government accused it of spreading "pornographic, wrong-oriented and ethnically discriminatory information." Similar to Facebook, Weibo had more than 360 million monthly active users in 2017.

China’s Bytedance And BuzzFeed Announce Content Licensing Agreement

Beijing Bytedance Telecommunications Co., Ltd., the operator of Chinese personalized news app Toutiao, has announced a content partnership with U.S. social news and entertainment company BuzzFeed. Under the agreement, BuzzFeed’s content will become available to users of Bytedance’s various platforms including Toutiao, TopBuzz, and Xigua Video in China, Japan and other parts of the world.

Baidu, Ant Financial And Toutiao Summoned By Chinese Government Over User Privacy Issues

Chinese tech giant Baidu Inc., Alibaba’s financial affiliate Ant Financial and Beijing Bytedance Telecommunications Co., Ltd., the operator of Chinese personalized news app Toutiao, have been summoned to answer question by China’s Ministry of Industry and Information Technology as they have failed to fully disclose the collection of personal data from users of their mobile apps, according to the government’s website. 

After Government Crackdown, Toutiao To Build Largest Content Screening Team With Communist Party Members Preferred

After the Chinese government took actions to strengthen oversight of news aggregation and personal recommendation platform Toutiao, the US$20 billion company is implementing changes to appease regulators. The latest: hire thousands more human content overseers – with preferences for members of China’s Communist Party – to build the largest content screening team in China.